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DULUTH, Ga., June 13 /PRNewswire/ -- Comverge, Inc., North America's leading provider of clean and low-cost peak capacity reduction for electric utilities, achieved through Demand Response solutions and technologies, announced today the promotion of Michael Picchi to Executive Vice President, Chief Financial Officer. As CFO, Mr. Picchi will oversee all accounting, treasury, risk management, and corporate finance functions at Comverge. A veteran of the wireless telecommunications, business services, and accounting industries, he brings over 16 years of management and finance expertise to Comverge. Mr. Picchi is assuming the CFO responsibilities from T. Wayne Wren, who retains his title as Executive Vice President, General Counsel & Corporate Secretary. Mr. Picchi joined Comverge in February 2006 as Senior Vice President, Chief Accounting Officer responsible for all accounting functions. Prior thereto, Picchi was Senior Vice President, Finance and Controller for PRG- Schultz, an audit recovery services firm. From 1999 to 2003, Mr. Picchi served as Vice President, Finance for NASDAQ-listed AirGate PCS, a Sprint PCS wireless affiliate. Mr. Picchi began his career at Coopers & Lybrand, LLP. A graduate of Indiana University, Picchi holds a B.S. in Accounting and an MBA in Finance. Mr. Picchi is a Certified Public Accountant and a Chartered Financial Analyst. Robert M. Chiste, Chairman, President, and CEO of Comverge, commented, "I am pleased to promote Mike into this position at such an important time in Comverge's history. His extensive public company background and financial capabilities will be invaluable in positioning Comverge for continued growth, operational excellence, and future success. We have ambitious goals for Comverge and I am confident that Mike will play a major role in driving the fulfillment of those objectives as a member of our executive team." Mr. Chiste added, "We are especially fortunate because Wayne Wren, who has been our CFO over the past 5 years leading both the finance and legal functions of Comverge, will continue to contribute to Comverge's success as Executive Vice President and General Counsel. Wayne and I have teamed up in multiple public and private companies for almost 15 years, and I look forward to continuing that relationship as he focuses on Comverge's legal and regulatory matters growing as a result of Comverge's dramatic expansion." About Comverge Comverge, Inc. provides clean, low-cost peak capacity reduction for electric utilities, achieved through Demand Response solutions and technologies, such as its patent pending fully outsourced Virtual Peaking Capacity(TM) offering. As North America's leader in Demand Response, Comverge serves over 500 clients in the electric utility industry, implementing both integrated and outsourced solution-based models for direct and price responsive load management, remote meter reading, and distributed generation monitoring. Comverge's investors include Nth Power, EnerTech Capital, Data Systems and Software (OTC:DSSI) (BULLETIN BOARD: DSSI) , E.ON Ventures (NYSE:EON), Ridgewood Capital, Easton Hunt Capital Partners, Norsk Hydro Technology Ventures (NYSE:NHY), Emerson, Air Products & Chemicals, Inc., Rockport Capital Partners, Partners for Growth, and the Shell Internet Ventures affiliate of Royal Dutch/Shell. For more information, please visit http://www.comverge.com/. Contact: Arthur Vos VP, Marketing, Products, & Strategy 973.884.5970, DATASOURCE: Comverge, Inc. CONTACT: Arthur Vos, VP, Marketing, Products, & Strategy of Comverge, Inc., +1-973-884-5970, or Web site: http://www.comverge.com/

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